Sensex tanks 100 points; top 20 trading ideas in a weak market

Sandeep Wagle has a sell call on Sesa Goa and ACC, while Ashwani Gujral recommends buying Maruti Suzuki and IGL Ltd.

By ET Online | Updated: Apr 05, 2013, 12.22 PM IST

NEW DELHI: The 50-share Nifty index was moving in a narrow range with negative bias, led by losses in FMCG, power and banking stocks. The BSE Sensex plunged over 100 points and slipped below 18400 in intraday trade today.

At 12:00 pm, the 50-share index was at 5,543.70, down 35 points or 0.64 per cent. It touched a high of 5,577.30 and a low of 5,537.20 in trade today.

The Sensex was at 18,403.60, down 106 points or 0.58 per cent. It touched a high of 18,518.16 and a low of 18,395.60 in trade today.

ET Now spoke to various experts for their top trading ideas for today:

Ashwani Gujral of ashwanigujral.com

Maruti Suzuki Ltd is a ‘BUY’ call with a target price of Rs 1375 and a stop loss of Rs 1330

IGL Ltd is a ‘BUY’ call with a target price of Rs 302 and a stop loss of Rs 285

Ambuja Cements Ltd is a ‘SELL’ call with a target price of Rs 155 and a stop loss of Rs 167

TCS Ltd is a ‘SELL’ call with a target price of Rs 1450 and a stop loss of Rs 1525

Mitesh Thacker of miteshthacker.com

Maruti Suzuki Ltd is a ‘BUY’ call with a target price of Rs 1380 and a stop loss of Rs 1329

India Cements Ltd is a ‘SELL’ call with a target price of Rs 75 and a stop loss of Rs 81

Jubilant FoodWorks Ltd is a ‘SELL’ call with a target price of Rs 1125 and a stop loss of Rs 1185

Exide Industries Ltd is a ‘SELL’ call with a target price of Rs 116 and a stop loss of Rs 126

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Sesa Goa Ltd is a ‘SELL’ call with a target of Rs 140 and a stop loss of Rs 150.50

ACC Ltd is a ‘SELL’ call with a target of Rs 1085 and a stop loss of Rs 1131

Maruti Suzuki Ltd is a ‘BUY’ call with a target of Rs 1400 and a stop loss of Rs 1338

Prakash Gaba, CFT, prakashgaba.com

IndusInd Bank Ltd is a ‘SELL’ call with a target of Rs 391 and a stop loss of Rs 406

ITC Ltd is a ‘SELL’ call with a target of Rs 286 and a stop loss of Rs 298

JSE Steel Ltd is a ‘SELL’ call with a target of Rs 650 and a stop loss of Rs 690

Siddhartha Chatterjee, Trustline Securities

Gitanjali Gems Ltd is a ‘BUY’ call with a target of Rs 618 and a stop loss of Rs 603

DLF Ltd is a ‘BUY’ call with a target of Rs 246 and a stop loss of Rs 233

Sun Pharma Ltd is a ‘BUY’ call with a target of Rs 877 and a stop loss of Rs 852

Sanjeev Agarwal, Managing Director, Dynamix Research and Capital Management

Dabur India Ltd is a ‘BUY’ call with a target of Rs 145 and a stop loss of Rs 135

Karnataka Bank is a ‘BUY’ call with a target of Rs 144 and a stop loss of Rs 120

Reliance Industries Ltd is a ‘BUY’ call with a target of Rs 795 and a stop loss of Rs 759

(The views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com)

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